BSE Sensex ends lower; earnings eyed

MUMBAI (Reuters) - The BSE Sensex fell on Wednesday as two-wheeler makers such as Bajaj Auto retreated after an industry body cut its estimates for motorcycle sales, while software services exporters fell ahead of earnings announcement.After a strong start to the year, investors are turning more cautious ahead of third-quarter earnings reports. Infosys Ltd will kick off the blue-chip reporting season...

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UK shares rise as U.S. earnings get off on the right foot

* FTSE 100 index rises 0.4 percent* Miners get boost from Alcoa's positive outlook* Banks led up by Lloyds after upgrade* Slow sales growth hits Sainsbury's despite meeting targetsLONDON, Jan 9 (Reuters) - Britain's blue-chip stocks rose onWednesday, led by banking stocks and miners, as a reassuringstart to the U.S. earnings season boosted investors' appetitefor riskier assets.Miners were set for...

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Futures rise as earnings season begins in the US

NEW YORK (AP) — Stock futures are rising after a pair of U.S. companies opened the earnings season with a surprisingly strong start.Dow Jones industrial futures are up 13 points to 13,280. The broader S&P futures have added 0.80 points to 1,435.10. Nasdaq futures are up 0.25 points to 2,714.25.After markets closed Tuesday, Alcoa predicted rising demand for its aluminum this year and topped revenue...

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Stocks head lower, pushing S&P 500 down from high

 Stocks sank on Wall Street, pushing the Standard & Poor's 500 index down from the five-year high it reached Friday.The move lower on Monday is likely the result of investors taking some winnings off the table after the stock market's surge last week, said Sam Stovall, chief equity strategist at S&P Capital IQ.Investors are also preparing for corporate America's seasonal parade of earnings...

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Stocks sink, pushing S&P 500 down from 5-year high

Stocks sank on Wall Street, pushing the Standard & Poor's 500 index down from the five-year high it reached Friday.The move lower on Monday is likely the result of investors taking some winnings off the table after the stock market's surge last week, said Sam Stovall, chief equity strategist at S&P Capital IQ.Investors are also preparing for corporate America's seasonal parade of earnings...

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U.S. stocks fall from 5-year high; euro rises

Wall Street stock prices retreated from five-year highs on Monday, while the euro rose against the dollar on bets the European Central Bank might refrain from signaling more interest rate cuts on Thursday.The weakness in the equities market, partly due to caution ahead of companies beginning to report on their fourth-quarter earnings, spurred selling of oil, gold and other risky investments. This...

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News Summary: S&P 500 ends week at a 5-year high

DECEMBER JOBS: Stocks headed higher, capping a good week, after a report showed that hiring held up in December during the tense fiscal negotiations in Washington, with U.S. employers adding 155,000 jobs.FIVE-YEAR HIGH: Stocks moved up at the end of the day pushing the Standard & Poor's to its highest close in five years.GOOD START: Stocks got the year off to a strong start, surging after lawmakers...

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Fed officials eye timeline for ending asset purchases

SAN DIEGO (Reuters) - The Federal Reserve could halt its asset purchases this year if the economy improves and unemployment drops, two top Fed officials said on Friday, a view seconded by most economists at Wall Street's top financial institutions.Meanwhile, another top Fed official warned the U.S. central bank's aggressive easing plan threatens the Fed's credibility.St. Louis Fed President James...

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Wall Street cheers "cliff" deal, but only for now

NEW YORK (AP) — When lawmakers delivered a long-delayed, last-minute agreement on the budget, Wall Street celebrated. And it would be easy to think that the surge in the Dow the following day meant that investors had put their concerns about Washington's political gridlock behind them.The Dow Jones industrial average surged on the news, but that doesn't mean the volatility is over. In fact, there...

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Has Obama Been Good for Millionaires?

The question of whether Americans are better off than they were four years ago depends, of course, on the American.For the 12 million unemployed, the answer is most certainly no.But for many of America's millionaires, the answer may be more affirmative.A new study from WealthInsight, the London-based wealth-research and data firm (and yes, they are non-partisan), showed that the United States added...

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Obama Wins 2012 Election: Why Your Taxes Are Going Up

When President Obama and the new Congress begin to tackle important legislation and federal policy in January, one of the key issues will be how to reform America's byzantine tax code.Obama campaigned on a platform to raise taxes on the wealthiest Americans, declaring that millionaires and billionaires need to "pay their fair share." The president proposed the highly controversial "Buffett Rule,"...

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Wall Street sinks after election as "fiscal cliff" eyed

NEW YORK (Reuters) - The Dow industrials lost more than 300 points in a sell-off on Wednesday that drove all major stock indexes down over 2 percent in the wake of the presidential election as investors' focus shifted to the looming "fiscal cliff" debate and Europe's economic troubles.The Standard & Poor's 500 Index posted its biggest daily percentage drop since June, with all 10 S&P sectors...

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Coal company announces layoffs in response to Obama win

A coal company headed by a prominent Mitt Romney donor has laid off more than 160 workers in response to President Obama's election victory.Murray Energy said Friday that it had been "forced" to make the layoffs in response to the bleak prospects for the coal industry during Obama's second term. In a prayer circulated by the company, CEO Robert Murray said Americans had voted "in favor of redistribution,...

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U.S. to Pass Saudi Arabia in Energy Production, IEA Says: Huge Foreign Policy, Economic Implications

A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen...

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Wall Street sinks after election as "fiscal cliff" eyed

NEW YORK (Reuters) - The Dow industrials lost more than 300 points in a sell-off on Wednesday that drove all major stock indexes down over 2 percent in the wake of the presidential election as investors' focus shifted to the looming "fiscal cliff" debate and Europe's economic troubles.The Standard & Poor's 500 Index posted its biggest daily percentage drop since June, with all 10 S&P sectors...

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Coal company announces layoffs in response to Obama win

A coal company headed by a prominent Mitt Romney donor has laid off more than 160 workers in response to President Obama's election victory.Murray Energy said Friday that it had been "forced" to make the layoffs in response to the bleak prospects for the coal industry during Obama's second term. In a prayer circulated by the company, CEO Robert Murray said Americans had voted "in favor of redistribution,...

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U.S. to Pass Saudi Arabia in Energy Production, IEA Says: Huge Foreign Policy, Economic Implications

A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen...

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Eurozone back in recession in Q3

The 17-country eurozone has bowed to the inevitable and fallen back into recession for the first time in three years as a sprawling debt crisis took its toll on the region's stronger economies.And with surveys pointing to increasingly depressed conditions across the eurozone at a time of high unemployment in many countries, there are fears that the recession will deepen, and make the debt crisis even...

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Are We Regulating Ourselves Back Into Recession?

"Let us put an end to self-inflicted wounds," President Gerald Ford told Congress in 1975. "And let us remember that our national unity is a most priceless asset." While Ford was talking about the scars from the Vietnam War, his words seem relevant today. Our nation grapples with not one divisive issue, but a basket of them, each pulling and undermining our already battered confidence, while testing...

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Wall Street sinks after election as "fiscal cliff" eyed

The Dow industrials lost more than 300 points in a sell-off on Wednesday that drove all major stock indexes down over 2 percent in the wake of the presidential election as investors' focus shifted to the looming "fiscal cliff" debate and Europe's economic troubles.The Standard & Poor's 500 Index posted its biggest daily percentage drop since June, with all 10 S&P sectors solidly lower and...

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